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LONDON - Prudential (LON:PRU) plc, the life insurance and financial services company, has declared a second interim dividend for the year 2024, amounting to 16.29 US cents per ordinary share. This announcement was made today, and the dividend applies to shareholders on the UK, Hong Kong, and Singapore registers.
Shareholders have the option to receive their dividends in pounds sterling, Hong Kong dollars, or US dollars, with currency elections needing to be made by 22 April 2025. The exact amounts in the alternative currencies will be determined based on the prevailing exchange rates and are expected to be announced on 28 April 2025.
For American Depositary Receipt (ADR) holders, dividends will be paid in US dollars, while Singapore shareholders will receive their dividends in Singapore dollars at the market exchange rate. Prudential has specified that shares repurchased by the company and awaiting cancellation as of the record date, set for 28 March 2025, will not be eligible for this dividend.
In addition, Prudential is offering a scrip dividend alternative, which allows shareholders to receive new ordinary shares instead of a cash dividend. This option is available to shareholders on the Hong Kong line, and the company will provide a share dealing facility for those who cannot hold shares on this line. The deadline for scrip dividend elections is 22 April 2025 for UK and Hong Kong shareholders and 10 April 2025 for Singapore shareholders.
The company will seek approval from the Financial Conduct Authority, the Listing Committee of the Hong Kong Stock Exchange, and the Singapore Exchange (OTC:SPXCY) Securities Trading Limited for the listing of the new shares issued under the scrip dividend alternative.
UK shareholders also have the choice to reinvest their cash dividends through Prudential’s Dividend Reinvestment Plan (DRIP), which enables them to purchase additional Prudential shares in the market.
The ex-dividend date for this second interim dividend is set for 27 March 2025 across Hong Kong, the UK, and Singapore, with the cash dividend payment date scheduled for 14 May 2025 for Hong Kong, UK, and ADR holders, and approximately 21 May 2025 for Singapore shareholders.
This information is based on a press release statement from Prudential plc.
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